New Delhi, Aug. 5 -- Essar Energy Transition, a low carbon investment arm of Essar Group, has secured $400 million ( Rs.3,806 crore) in financing facilities from three leading European and UK banks, the company announced on Wednesday.

According to the official press release, the funding is aimed at strengthening the company's liquidity, improving working capital efficiency and supporting its long-term growth and decarbonisation plans.

"Essar Energy Transition today announces the successful execution of $400 million in combined financing across two distinct facilities with three major banking institutions," the announcement read.

The financing package includes an amendment and restatement of the company's Receivables Purchase Agreement ...